My thought process is this: If an announcement is made and there there are no progress announcements even over say two or more years, then the study is not heading in a positive direction. I always like to be proven wrong on such matters.
ARe you aware of updates or other announcements which show positive progress that is below the ASX announcement thresholds? PLease let us know as this would be good for investors. If ther was something really positive, then one would hope that in the interest of an informed market, an announcement would be made to update even if more time was needed for the study.
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